The downward trend of the US unemployment claims gains momentum, according to the latest data
According to the US Department of Labor, 444,000 people filed for the first time for unemployment in the past week. The figures came ahead of the 453,000 expected, marking a new pandemic-era low. During the same time last year, claims topped 2.3 million.
The jobs picture continues to improve due to the accelerated economic reopening across the country. Moreover, the US administers 1.8 million vaccine shots daily, spurring the economic rebound. Still, Federal Reserve officials continue to call for more improvement in the labor market.
Sources: cnbc.com, forexfactory.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.